Victims of Hurricane Ida in six states now have till Feb. 15 to file varied particular person and enterprise federal returns and make tax funds.
The up to date reduction, prolonged from Jan. 3, covers your complete states of Louisiana and Mississippi, in addition to components of New York, New Jersey, Connecticut and Pennsylvania.
The present listing of eligible localities is on the Across the Nation part of the catastrophe reduction web page on IRS.gov.
The up to date reduction postpones submitting and cost deadlines in 2021 that occurred beginning on dates various by state:
- Aug. 26 for Louisiana;
- Aug. 28 for Mississippi;
- Aug. 31 for Pennsylvania; and,
- Sept. 1 for New York, New Jersey and Connecticut.
Affected people and companies have till Feb. 15, 2022, to file returns and pay taxes initially due throughout this era. This implies people who had a sound extension to file their 2020 return that ran out on Oct. 15 will now have till Feb. 15 to file. (As a result of tax funds associated to those 2020 returns had been due on Could 17, 2021, these funds are ineligible for this reduction.)
The February deadline additionally applies to quarterly estimated revenue tax funds that had been due on Sept. 15 this 12 months and Jan. 18, 2022. Taxpayers in these areas can now skip making their estimated tax funds for each the third and fourth quarters of 2021 and as an alternative embrace them after they file their 2021 return.
The Feb. 15 deadline additionally applies to the quarterly payroll and excise tax returns usually due on Nov. 1, 2021, and Jan. 31, 2022. Companies with an authentic or prolonged due date even have the extra time. together with calendar-year partnerships and S firms whose 2020 extensions ran out on Sept. 15 and calendar-year firms whose 2020 extensions ran out on Oct. 15. It additionally applies to calendar-year tax-exempt organizations whose 2020 extensions ran out on Nov. 15.
A resident walks via floodwater left behind by Hurricane Ida in LaPlace, Louisiana, on Monday, Aug. 30, 2021.
Luke Sharrett/Bloomberg
The IRS will mechanically present submitting and penalty reduction to any taxpayer with an IRS deal with of document situated within the catastrophe space. If an affected taxpayer receives a late submitting or late cost penalty discover from the IRS that has an authentic or prolonged submitting, cost or deposit due date falling throughout the postponement interval, the taxpayer ought to name the quantity on the discover to have the penalty abated.
The IRS will work with any taxpayer who lives outdoors the catastrophe space however whose information obligatory to fulfill a deadline occurring throughout the postponement interval are within the affected space. Taxpayers qualifying for reduction who reside outdoors the catastrophe space must contact the IRS at (866) 562-5227, together with employees aiding the reduction actions who’re affiliated with a acknowledged authorities or philanthropic group.
People and companies in a federally declared catastrophe space who suffered uninsured or unreimbursed disaster-related losses can declare them on both the return for the 12 months the loss occurred (on this occasion, the 2021 return usually filed subsequent 12 months), or the return for the prior 12 months (2020).